Eagle Financial Services Inc. (NASDAQ:EFSI) Plans Quarterly Dividend of $0.31

Key Points

• Eagle Financial Services Inc. announced a quarterly dividend of $0.31 per share, payable on August 15th to investors of record as of August 4th, reflecting an annualized dividend of $1.24 with a yield of 3.72%.
• The company's stock recently traded at $33.36, experiencing a slight decline, while it reported earnings of $0.98 per share for the previous quarter, surpassing expectations.
• Goldman Sachs Group Inc. acquired a new stake in Eagle Financial Services, purchasing 8,742 shares valued around $287,000, which highlights growing institutional interest in the company.

Eagle Financial Services Inc. (NASDAQ:EFSI - Get Free Report) announced a quarterly dividend on Wednesday, July 23rd, Wall Street Journal reports. Shareholders of record on Monday, August 4th will be paid a dividend of 0.31 per share on Friday, August 15th. This represents a $1.24 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Monday, August 4th.

Eagle Financial Services Stock Performance

NASDAQ EFSI traded down $0.16 during trading on Tuesday, hitting $33.34. The stock had a trading volume of 9,772 shares, compared to its average volume of 16,777. The stock has a market cap of $179.37 million, a PE ratio of 9.74 and a beta of 0.27. The firm's 50 day moving average price is $31.62. Eagle Financial Services has a one year low of $28.70 and a one year high of $36.93. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.06 and a quick ratio of 1.05.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.16. The business had revenue of $20.61 million for the quarter. Eagle Financial Services had a net margin of 7.45% and a return on equity of 10.62%.

Insider Buying and Selling at Eagle Financial Services

In other Eagle Financial Services news, Director Scott M. Hamberger bought 849 shares of the business's stock in a transaction on Friday, May 23rd. The stock was bought at an average price of $31.00 per share, for a total transaction of $26,319.00. Following the completion of the transaction, the director owned 9,571 shares in the company, valued at approximately $296,701. The trade was a 9.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Eagle Financial Services

A hedge fund recently bought a new stake in Eagle Financial Services stock. Goldman Sachs Group Inc. bought a new position in shares of Eagle Financial Services Inc. (NASDAQ:EFSI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,742 shares of the company's stock, valued at approximately $287,000. Goldman Sachs Group Inc. owned approximately 0.16% of Eagle Financial Services at the end of the most recent quarter. 0.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Eagle Financial Services from a "hold" rating to a "buy" rating in a research note on Saturday.

Eagle Financial Services Company Profile

Eagle Financial Services, Inc operates as the bank holding company for Bank of Clarke County that provides various retail and commercial banking products and services in the Shenandoah Valley and Northern Virginia. The company's deposit products include checking, NOW, money market, and regular savings accounts; and demand and time deposits.